A Review of Corporate Governance Codes and Best Practices in Nigeria

Abstract

Nigeria is lacking behind in terms of development of its corporate governance, codes, policies and enabling laws, this is in contrast  to the United Kingdom's regular review and updated  corporate governance codes,  principles and Best Practices.  The UK is continuously  reviewing and updating  its corporate governance codes and policies. This paper  examines   the development of corporate governance mechanisms in the UK and Nigeria and   further seeks to advocate for a  review and update of Nigeria's   corporate governance standards to meet global best practices.

Keywords: Corporate governance, Nigerian corporate governance codes, Role of regulators.